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he said he and his son calculated how much they pay in taxes, federal income tax, payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by bowles-simpson, get the rate down to create more jobs. nothing better to create a balanced budget than having more people working, earning more money, paying more taxes, that's the most effective and efficient way to get the budget balanced. >> jim, you may want to move on to another topic. i would say this to the american people. if you believe we can cut taxes by $5 trillion and add $2 trillion of additional spending to the military that is not asking for, $7 trillion, to give you a sense, over ten years, that's more than our entire defense budget, and you think that by closing loop
he said he and his son calculated how much they pay in taxes, federal income tax, payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the...
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Oct 2, 2012
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when people are moving to the tax roles rather than welfare roles you can reduce tax rates, or welfare spending and bring it back faster. >>neil: it is about inspiring confidence. ronald reagan did that, bill clinton did it. but this idea that we can't do it and certainly when pundits say further candidate should even touch it tomorrow night, that gets to the core of the problem. >>guest: that is exactly correct. this is the issue. all the issues that we are talking about in the economy are encompassed inside the national debt argument. you can get rid of the unfunded liabilities, as well, just the way we did with social security under ronald reagan by tending the age of retirement, by reducing benefits, by subjecting half of them to the income tax. there are lots of things you can do to bring this economy back and fairly quickly in two terms you could bring it back the way reagan did. >>neil: the fact is you cannot buy your way out it. you have to boom your way out of it. thank you, art. >> in washington, dc, talk of a plan to keep the government from going off an immediate fiscal cli
when people are moving to the tax roles rather than welfare roles you can reduce tax rates, or welfare spending and bring it back faster. >>neil: it is about inspiring confidence. ronald reagan did that, bill clinton did it. but this idea that we can't do it and certainly when pundits say further candidate should even touch it tomorrow night, that gets to the core of the problem. >>guest: that is exactly correct. this is the issue. all the issues that we are talking about in the...
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payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might be a wash? that you, for example, in your case for your catering business, you might see, butch, no tax savings at all, but you might have a lower rate, but can't deduct as much. >> that will kill us. without disposable income for me to spend or gr
payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5%...
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he wants to give tax cuts to people over to -- 250. repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16 trillion in total. >> see him run his record. that is what he has done. lou: i want to understand something here. is there some way he doesn't run on his record? i'm sorry. >> for the last 20 muncie has been running and his record. lou: i'm not talking about that. i'm talking about right now. governor romney put him on his record, and that was his signature achievement. >> i promise you, what they will do, they're going to fire ever nuclear bomb they have. lou: had dirty. is that what you're saying? >> at the end of the day, the fact that the man stood on
he wants to give tax cuts to people over to -- 250. repeal the estate tax and he said he also wants to increase spending for the defense industry. so i don't -- it's right there. this is what he has been running on. he says this will spark economic revival. >> so we don't know is what the president will run on. lou: we do know. he has to run on his record. what he has done is not deliver on cutting the deficit. what he has done is create over $5 trillion in deficits. and a debt of $16...
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Oct 5, 2012
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he said he wants to lower tax rates? how is that not lowering tabs for the rich. >> then you can't also then say he's going to on the loophole piece, you can't say he's not going to do the loopholes. i know you want to know the details. >> but i'm just saying, it might be cute about the son, burr the substance just isn't there. >> you're not willing to give him any credit. >> oh, yeah. >> the guy came very well prepared. he had specifics. >> he did? >> he looked obama in the eye. he was someone who was presidential and came ready to play. >> i'll tell you something, i am the only person as my pal dana has said, who thinks obama did well. so i know -- >> obama needs to step up his game. don't apologize for him. he's the president of the united states. he deserves to do better than that. >> i don't really believe he -- you really believe obama did well is this. >> yeah, i do. >> let's move on. >> moving on. you probably wondering what's eric bolling's favorite moment was? that is coming up in the next block. we'll have mor
he said he wants to lower tax rates? how is that not lowering tabs for the rich. >> then you can't also then say he's going to on the loophole piece, you can't say he's not going to do the loopholes. i know you want to know the details. >> but i'm just saying, it might be cute about the son, burr the substance just isn't there. >> you're not willing to give him any credit. >> oh, yeah. >> the guy came very well prepared. he had specifics. >> he did? >>...
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a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and how much was accurate? with me is the associate editor of the financial weekly owned by the parent of this company. michael, romney says if you lower the tax rates what happens is, businesses have more money. businesses have more money they can hire more people and, guess what, everyone starts paying taxes and that is how you close the deficit. true? >>guest: it is true that is what he is saying. it is true that is the way a model would have it play out. the question and what assumptions go in that assertion by lowering rate and obviously on
a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and...
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on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what he passed in massachusetts as an example of a bipartisan compromise and a model for the whole country at the state level. >> we've seen this model work really well. in massachusetts because governor romney did a good thing, working with democrats in the state to set up what is essentially the identical model. >> i like the way we did it in massachusetts. entirely on a partisan basis instead of bringing america together and having a discussion at this important topic, you pushed through something that you and nancy pelosi and harry reid thought something was the best answer and drove it thr
on top of the extension to the bush tax cuts. >> i don't have a $5 trillion tax cut. i don't have a tax cut. of a scale that you're talking about. i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people burks it's just not the case. look, i got five boys, i'm used to people saying something that's not always true. >> health care, romney was on offense, touting what...
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Oct 3, 2012
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he has not raised taxes. he lowered taxes on working families and small businesses. too joe biden is talking about the record of the obama-biden administration saying they are buried. jamie: will the president have tee dress this tonight? will he have to talk about why the middle class was -- will he distance himself from his policies playing a role. >> he may have to put context into biden's statement. >> why is it that whenever this administration, whether it's the president or joe biden actually tells the truth. they tell you what's on their mind like the president saying that the private sector is doing fine or telling entrepreneurs like me that we didn't build our business. why is it when they tell the truth suddenly they are taken out of context. >> there you go again to quote one of our great republican presidents. you note context of that. >> the context was worse than what he said. he said you entrepreneurs put out your chest, you think you are so smart, but you didn't build it. that's the context. >> you left out what he was talking about before that and th
he has not raised taxes. he lowered taxes on working families and small businesses. too joe biden is talking about the record of the obama-biden administration saying they are buried. jamie: will the president have tee dress this tonight? will he have to talk about why the middle class was -- will he distance himself from his policies playing a role. >> he may have to put context into biden's statement. >> why is it that whenever this administration, whether it's the president or...
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Sep 30, 2012
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i think it's a good idea. >> half of property taxes go to schools to be fair. tracy, the kids issue, you can get them out of your house two years earlier. what do you make about that? >> you know what, the money issue to me is separate from the academic development issue. i don't think these kids should be rushed through school. i do think there's a reason they need these years to develop as people. when you do look at the dollars and cents, there are a lot of people that live in towns that don't even have kids in the school system. close to 50% of their taxes are going to the schools that are not spending the money properly. if you can get a kid that can take advantage of every dollar given to them, they can get through the system and take advantage, why not? >> sally cohen, at the same time taxpayers are saying why not on the other end of the spectrum, because it's not just property taxes going to schools, but also look at all the fights we've had about teac teacher pensions and teacher salaries. get more kids out of school faster, save money. >> as taxpayers
i think it's a good idea. >> half of property taxes go to schools to be fair. tracy, the kids issue, you can get them out of your house two years earlier. what do you make about that? >> you know what, the money issue to me is separate from the academic development issue. i don't think these kids should be rushed through school. i do think there's a reason they need these years to develop as people. when you do look at the dollars and cents, there are a lot of people that live in...
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why not get rid of the company's and lower taxes for everyone? >> we never give out cash measure on how and expensive. we just give conditional incentives temporary tax relief. >> you have to do it to compete. to give up politician a checkbook is dangerous do anything new want to bring jobs to the state. they could be gone when the bill comes to do. you can win without doing that the seven think you governor daniels now rated number three and the most improved state not to maine court in new hampshire or north dakota. >> we are gaining on them. >> what about housing for amtrak or the post office? ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. john: did you go to the post office website? we do. since then franklin was appointed the first postmaster the post office has grown and changed with a
why not get rid of the company's and lower taxes for everyone? >> we never give out cash measure on how and expensive. we just give conditional incentives temporary tax relief. >> you have to do it to compete. to give up politician a checkbook is dangerous do anything new want to bring jobs to the state. they could be gone when the bill comes to do. you can win without doing that the seven think you governor daniels now rated number three and the most improved state not to maine...
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bain, 47%, tax returns or women. what on earth was going on with him last night? four home runs, no hits taken. >> yeah. i can't answer why he didn't do that. but i can tell you this. i do know that he was waiting to hear from mitt romney about how he was going to pay for his $5 trillion tax cut and he didn't get an answer. i would love to know from newt gingrich, who i know has been working with and is a surrogate for the romney campaign. can he name two, at least two of the deductions that will be cut to be able to pay for the $5 trillion tax cut that romney is offering? >> very good question. newt gingrich, one thing we're not getting from mitt romney is any real detail about how he's going to achieve this miraculous saving. can you explain to us any of the detail? >> well, first of all, there are at least two components to how he ends up paying for the tax cut. one is growth, where anybody who looks at getting down from obama's devastatingly high unemployment rate with 23 million americans out of work, if you get back to a normal unemployment rate you dramatic
bain, 47%, tax returns or women. what on earth was going on with him last night? four home runs, no hits taken. >> yeah. i can't answer why he didn't do that. but i can tell you this. i do know that he was waiting to hear from mitt romney about how he was going to pay for his $5 trillion tax cut and he didn't get an answer. i would love to know from newt gingrich, who i know has been working with and is a surrogate for the romney campaign. can he name two, at least two of the deductions...
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Sep 30, 2012
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tax policy but not by to buy another issues. i was not present the day they shutdown the event but many were shouting there is no debate. no-space 48. that hit home. >> he was shouted down. john: somewhere outside the building and throwing rocks through the window? >> university reacted and condemned the action. unc denounce. but some people did not want to have the debate. some think my views are so illegitimate i should not say them. john: you go to campuses around the country. most illiberal others are silenced? >> that is fair. the culture is monolithic they don't seem interested to change that. they pass policies to make it more difficult for students to have minority viewpoints to speak out. john: and professors at lean left, 51% registered democrats. but only 14% are republican. social science is only 6%. >> 70 2% self identify as liberal. which is a big disparity between them and the general public. john: you were a junior when obama was elected? >> it was light a little of the colt it happened across the nation. john: n
tax policy but not by to buy another issues. i was not present the day they shutdown the event but many were shouting there is no debate. no-space 48. that hit home. >> he was shouted down. john: somewhere outside the building and throwing rocks through the window? >> university reacted and condemned the action. unc denounce. but some people did not want to have the debate. some think my views are so illegitimate i should not say them. john: you go to campuses around the country....
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i thought it was delaware, but where i come from, it's still sock in the gut, taxes, joe. and a couple of thoughts there. you know, there was a movie a few years ago, warren beatty, "bullworth." he was a politician that toll the unvarnished truth and spit it out. it was the funniest movie and you can't imagine anybody going and telling. joe biden is joe "bullworth" and he goes out there and says the middle class have been married for four years, yes, they have. and then he says that, you know, people are saying we're going to raise a trillion dollar in taxes, yes, we are. okay. we get it, thank you very much for your candor and your honesty. and pretty much doggone accurate and i think it's indicative of a fact that this is why i like joe biden. he says what the rest of us already know. even if he doesn't intend to do it. lau laugh, there's a video of candidate barack obama a version of a speech in 2007 when some of his controversial comments weren't made all that public. here is what he said then. >> when 9/11 happened in new york city, they waived the stafford act and sa
i thought it was delaware, but where i come from, it's still sock in the gut, taxes, joe. and a couple of thoughts there. you know, there was a movie a few years ago, warren beatty, "bullworth." he was a politician that toll the unvarnished truth and spit it out. it was the funniest movie and you can't imagine anybody going and telling. joe biden is joe "bullworth" and he goes out there and says the middle class have been married for four years, yes, they have. and then he...
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Oct 4, 2012
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no one likes taxes. including myself. ultimately, we have to pay for the core investments that make this economy is strong. >> let's not raise anybody's taxes. >> i am not sure if you could hear or see that clip as well, but the facial expressions were interesting to watch. what can we learn from that? >> well, the president is obviously president. that is one of the more memorable saturday night live ksits. -- skits. he does not want to be on the defensive. he looks like he was explaining in a way that ordinary folks could relate to. he ended up winning ohio four years ago. the president is going to be much more presidential tonight. he will not be like that. they will be standing behind a podium set so they will not be sitting behind a round table. the president is not debated since 2008. in the early primaries when he was debating hillary clinton, he was not very good. it took him awhile to get into stride. one of the things we are watching closely is the first half hour of the debate. most people only watch the first
no one likes taxes. including myself. ultimately, we have to pay for the core investments that make this economy is strong. >> let's not raise anybody's taxes. >> i am not sure if you could hear or see that clip as well, but the facial expressions were interesting to watch. what can we learn from that? >> well, the president is obviously president. that is one of the more memorable saturday night live ksits. -- skits. he does not want to be on the defensive. he looks like he...
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he locked himself into some bad positions that he took during the republican primary, tax breaks for companies that ship jobs overseas, refusing to ask the wealthiest for a dime to reduce the deficit and those give us big openings to talk about on the campaign trail in key states in the weeks ahead. >> vice president biden, meantime, said his boss did a good job drawing a bright line between his policies and mitt romney's. >> i think the president did a wonderful job in making it clear just how stark that choice is. >> keeping them honest, that is precisely where the pundits, even those who support president obama, say he dropped the ball and when we asked our viewers whether mr. obama did better or worse than expected, 61%, nearly two in three, said he did worse. as for why the president himself supplied an answer today. twice today out on the stump using nearly identical wording each time. listen. >> when i got out on the stage, i met this very spirited fellow who claimed to be mitt romney. but i know it couldn't have been mitt romney. because the real mitt romney's been running ar
he locked himself into some bad positions that he took during the republican primary, tax breaks for companies that ship jobs overseas, refusing to ask the wealthiest for a dime to reduce the deficit and those give us big openings to talk about on the campaign trail in key states in the weeks ahead. >> vice president biden, meantime, said his boss did a good job drawing a bright line between his policies and mitt romney's. >> i think the president did a wonderful job in making it...
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federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com. good to you you guy he. >> you too, j. >> i think it is clear that romney ran all over obama. from a small business owner's perspective he addressed the issues we have not seen addressed offer the laugh four years. most notably, how are we going to get this economy growing again because from a small business owner's perspective, that is what is going to get them hiring and make them more successful. if the economy grows, more people are buying from them. there's more confidence, and it is just a self fulfilling prophecy. >> what we are dealing with here, four years -- apart from what presi
federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com....
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing lou
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this, so, i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore. >> is he principled, do you think? mitt romney? >> that's not the issue, to me. i think he will -- i think he's principled in the sense that he will keep the commitments that he has made. almost all people when they run for president
the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total...
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and taxes. just after romney spent time giving the details on awful those being critical of very specific pro visions of don frank. and this is the president was not in denver. i thought he spent too much time shooting bass cats rather than prepping for this thing. we saw it. he offered up routine rogue talking point thing that's people were sitting there saying do you know what? this doesn't jive with what i've just seen happen with these two men on the stage. >> and rnc chair predicting the president would make excuses because he can't defined his record. he joins us from denver, good evening mr. chairman. tell me have you spoken to governor romney since the debate? >> i. i can tell you he was smiling and happy with how things went tonight. tonight was a historical night. and this is a sense that that is shocking. the performance but there is a problem for governor and drk-excuse me, the president, mitt romney was ready, and prepared. and he was ten yaishis and respectful. the president meande
and taxes. just after romney spent time giving the details on awful those being critical of very specific pro visions of don frank. and this is the president was not in denver. i thought he spent too much time shooting bass cats rather than prepping for this thing. we saw it. he offered up routine rogue talking point thing that's people were sitting there saying do you know what? this doesn't jive with what i've just seen happen with these two men on the stage. >> and rnc chair predicting...
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plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself sound more centrist. ali velshi is here to make sense of what we heard last night. >> right. >> the first question on the tax cut proposal. the president is saying he's flip flopping. is he proposing $5 trillion in tax cuts? >> so this is a tricky one. what mitt romney is saying is he wants to reduce taxes across the board in every category. wherever you are coming down 20%. if you don't figure out where you're going to make up the taxes from, if you take 20% less from everybody it's over 10 years a $4.9 trillion loss and overstating it a little bit but there's a study that's been done and
plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself...
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. >> did he, john, miss an opportunity to go further with the banks there? >> i mean, that was one of i think president obama's better lines in the debate because he was calling out in a limited way and halting way all of a sudden mitt romney saying that the problem with the dodd-frank was that it was a big kiss to the new york banks which is itself a surreal etch-a-sketch moment. the president
tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big...
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how do you pay taxes? >> i pay sales tax, but for my 2011 taxes, i just guessed. >> you guessed? >> i guesstimated, and sent in an amount. >> i hope you guessed high, because -- >> that's a technical foul we call it. >> shall we go and look at the books. >> show us where we are. literally, we want to see it. this is the office? >> yes. >> glad to see you have accounting records. >> okay. >> this is the previous accounting record. >> you followed their system. >> and go ahead and hit finish. >> all right. >> we created the bank account. >> erica is taking care of something upstairs, and what is your first impression? >> a hot mess. again, not abnormal, but frightening. >> can a business really operate like this? >> they can, but not for very long. won't be very long like this. >> you feel confident we can fix it. >> it can always be fixed. >> andrew was working on the chateu, there was new photos being taken for the website. >> he is a photograph specifically for bed and breakfasts and inns in the nation, and he is helping us out here. >> nice to meet you. >> i am setting up the l
how do you pay taxes? >> i pay sales tax, but for my 2011 taxes, i just guessed. >> you guessed? >> i guesstimated, and sent in an amount. >> i hope you guessed high, because -- >> that's a technical foul we call it. >> shall we go and look at the books. >> show us where we are. literally, we want to see it. this is the office? >> yes. >> glad to see you have accounting records. >> okay. >> this is the previous accounting record....
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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without &pbeinn regulated - owners aren't ppying taxes... competition with casinos and lotterr retailers who follow revenue goes to the taxpayers. ii doens't go ouu to help gamblers annonymous. t doesnn' bring revenue to he state. it actually steals money from the staae because to a leeal lottery agencc t a restaurant or a bar and they are losing money."delegateepaa mmdonough doesn't understand sweepstakes games yet.- &pbeing asked to approve expanded gambling....00:23:56 "i'm here today to ssa ' govvrnor and exforcement officials' get off your utts and go to work."police in baltimore cityysent warning but thh operator of this ss... faciliiy has filed suit - in an effort to keep his gaming machines.ss enforcement is on hold - for nowwmelinda roeder - fox 55 a circuittcourt hearing on thee tomorrow. straighh ahead... a major credit carr company... targeted for its deceptive prac. &ppractices.the big bucks many americans can expeet to get back, ((break 3)) 3 aú aúst week -- diicover issued a multi-million dollar refund to week -- american ex
without &pbeinn regulated - owners aren't ppying taxes... competition with casinos and lotterr retailers who follow revenue goes to the taxpayers. ii doens't go ouu to help gamblers annonymous. t doesnn' bring revenue to he state. it actually steals money from the staae because to a leeal lottery agencc t a restaurant or a bar and they are losing money."delegateepaa mmdonough doesn't understand sweepstakes games yet.- &pbeing asked to approve expanded gambling....00:23:56 "i'm...
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would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january. nearly 1 billion people around the world don't have enough food to survive. we can't let this happen. there is something we can do about it. please join christina aguilera and yum! brands in the movement to fight world hunger by supporting the united nations world food programme. for more information, go to fromhungertohope.com. your contribution will feed children and save lives. together, we can stop the dying and start the living. and together, we can move people from hunger to hope. and together, we can move people why they're always there to talk. i love you,
would you give up the mortgage tax deduction for a lower tax rate? log on to gerriwillis.com, vote on the right hand side of the screen and all share the results of the end of tonight's show. coming up later, you will not want to miss this. joins us with his preview of tonight's debate and there will be a huge windfall for the government but a hit to your pocketbook. find out how much more un nearly every other american will be paying uncle sam if we drive over the fiscal cliff in january....
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. >> how do you track your taxes. >> i pay my sales tax but for my 2011 taxes, i just guessed. >> you guessed? >> guestimated an amount. >> i think i guessed high. >> that's a technical foul, we call it. >> let's go look at the books. >> show us where they are. literally. i want to see it. >> this is the office? >> yes. >> this is where it all happens. i'm glad to see you have accounting records. >> those aren't mine. that's the previous business owner. >> okay. >> these are mine right here. >> all right. it looks like you followed their system. >> they headed back upstairs where dawn got erica started on a quickbooks account. >> hit finish. >> all right. >> now we've created the bank account. >> be brutally honest with me. erica is upstairs. >> sure. >> what's your first impression? >> hot mess. first interpretation of what i've seen here. not, again, not abnormal but frightening. >> can a business operate like this? >> well, they can for not very long. they won't be in business very long like this. >> okay. you feel confident we can fix it, get her on track. >> we can always fix it.
. >> how do you track your taxes. >> i pay my sales tax but for my 2011 taxes, i just guessed. >> you guessed? >> guestimated an amount. >> i think i guessed high. >> that's a technical foul, we call it. >> let's go look at the books. >> show us where they are. literally. i want to see it. >> this is the office? >> yes. >> this is where it all happens. i'm glad to see you have accounting records. >> those aren't mine....
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it was a symbolic protest against the dropping of tax breaks for large families. the parents held banners reading stop killing our families in one hand and strollers in the other as they marched straight into a tax director's office. greece pledging austerity measures worth about 12 billion euros for next year and 2014 to try and secure more financial aid from international lenders. that's what life is like in greece right now. back to you. dagen: thank you ashley. connell: let's go to apple and google and no maps -- google maps op the latest iphone -- on the latest iphone, ipad, it's been a mess. walt mossberg it says it could give other phones what they have been looking for. dagen: joining us is walt mossberg. you reviewed the google maps for android phones. broadly speaking, how good are they? >> they are very good. they are not perfect, dagen. although google's working on this for seven years. he have a lot more data. -- they have a lot more data and more accuracy than the new fledgling apple maps. i did find in my test at least a couple of inaccuracies inclu
it was a symbolic protest against the dropping of tax breaks for large families. the parents held banners reading stop killing our families in one hand and strollers in the other as they marched straight into a tax director's office. greece pledging austerity measures worth about 12 billion euros for next year and 2014 to try and secure more financial aid from international lenders. that's what life is like in greece right now. back to you. dagen: thank you ashley. connell: let's go to apple...